tv Business - News Deutsche Welle October 20, 2022 3:45pm-4:01pm CEST
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up chinese dominance on the solar photovoltaic market is something that an international alliance wants to change. we'll get a word from our correspondent on how i'm from cobra. welcome to the program. electric mobility is to do the trick, keeping us going without destroying our climate. now you as president joe biden has unveiled his strategy to boost battery production for electric vehicles, announcing $2800000000.00 in grants. to 20 companies for projects, extract and process lithium graphite and other on materials to manufacturer components, and strengthen your supply of critical minerals, boosting production and sales of electric vehicles. as a key part of that kind strategy shift to a slow climate change and build up where you as manufacturing some see a challenge. but we see an opportunity, a real opportunity to shift to a net 0 sum carbon world. and one of the most significant economic transitions
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since industrial revolution mass not i per believe. that's a fact. we're also confronting it head on with american ingenuity and american jobs . years presidential vine speaking there and on germany is fully underway, amid its own transition to wards electric mobility and having sufficient supplies of critical materials like lithium is key, nearly found reserves within the country could now help break a so far heavy dependence on foreign suppliers. lou here, the so called white gold and the green energy transition lies dormant. large amounts of lithium are needed for batteries to power e cars. but lithium can be found in the hot thermal water of the upper rine river, 4000 meters under ground. the german branch of australia's vulcan energy
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resources wants to extract the lithium from the thermal waters in an environmentally friendly way. in a lab in karlsruhe, the team has developed a process to hopefully extract the lithium on an industrial scale. now since my father, in the 1st 2 faces, we could supply up to 40000 tons of lithium hydroxide for about 1000000 immobility batteries. after that, we can keep expanding. we believe we can meet 25 percent of european demand in the long term and supply all german production with it in order to transport these mineral rich thermal waters up from the depths, the company relies on geothermal energy, 160 degree hot water is pumped up via bore holes and used to generate electricity to power the extraction. it's climate neutral, but there's a catch in the past, geothermal drilling has repeatedly caused earthquakes. in a worst case scenario,
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drilling could pollute the ground water. some lithium extraction projects in the region have already been halted for many experts. however, this is going too far. they say with modern technology, thermal water can be found in the deep rock, where tapping comes with no risk. high precision geo sensors can also help ensure that drilling is stopped before it causes damage the longest back to like 200. all this data mining authority is very careful and strict govern. of course, no one can guarantee that no further earthquakes will be triggered, but we're sure that we can put enough measures in place to prevent that from the lithium mining with geothermal energy could be a big opportunity for the energy transition. but vulcan energy has its work cut out,
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trying to convince residents in the region that the extraction is safe. now, so far, australia and chilly account for 75 percent of global lithium production, germany and the european union traditionally have good relations with these countries. so delivery problems are unlikely. the situation is somewhat different for other raw materials though. the imports 90 percent of rare earth and magnesium it uses from china. rare earth elements are crucial and running smartphones, wind turbines, and electric vehicles. supplies could dry up quickly in case of a conflict with china, like over taiwan or other matters, and metals like nickel and aluminum, the ear continues to import from russia despite the war and ukraine. because you officially, no european industries depend on these materials. earlier i spoke to micah shelter, a researcher on sustainable commodities supply chains at the german institute for
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international and security affairs. and i asked her how germany and the you could lore their dependence on russia and china. but recommendation would be a to 1st increase knowledge about minimal supply chains and dependency, an increased transparency in the sin of a supply chains and definitely of european and german level and needs a stronger like china strategy that considers dependencies and establishes instruments add to degrees. but also a frame, it's and diplomatically, quite important. diversifying their possible, but also considered substitution as well as a psych increase recycle capacity. and yeah, as the notice in our research that righty itself, supply it. yeah. pain ability play quite an important role. and i can also connect that needs to be considered political strategies. micah, how is it that a china has been tightening its grip on the global market for rare earth?
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how's that possible? i think it's an yet a political strategy. if that's add a follow to the last ad to decades, a video so you can see it. it's a year by year to increased every finding capacity in the, in the country. yeah. so it ethic gets, it gets quite a yes, strong political move they did in order to execute a certain yeah, refining capacity. and you mentioned it there. i mean, it's not just a getting these rare materials or materials out of the ground is also a matter of refining them. and that is something which is very hard on the environment. experts say, and richer economies prefer to off load these dirty tasks to china. so how is the you going to deal with that? if it doesn't want to import these things from china, from russia? yeah, i think it is stronger like refining capacity within the european union. definitely stronger european core collaboration because it meets high investment in,
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into refining, building up refining capacities and it's not a short term solution, but am medium to long term investment that needs to be done damn. and yeah. or to get everything demand. this is mike, a shoulda of the german institute for international and security affairs. thank you for your thought. china is not only dominating the rare earth's market, is also home to more than 80 percent of the world solar production capacities to change that i'm at a growing demand for less expensive energy. we're leaders are meeting at the international solar align summit in new delhi in india, they're pushing to diversify supply chains and manufacturing of solar panels. over $100.00 countries are represented at the meeting, sharing a common goal, have a listen. we go have the goal of ensuring solar as the energy source of choice across the world. this means it is cheaper.
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it is useful to politicians as a way to create new jobs. and it also helps us in moving towards the goal of 0 carbon emissions with our la assa. our objective is to accelerate the deployment of her in your full energy. and this is not on me and calamity parity. becky: so, so we're still energy independence and energy security for, for more on this let's bring in the w correspondent, charo car, t k. in delhi, charo leaders gather, gathered there, and deli, are pushing to diversify supply chains and manufacturing of the solar market. how's that supposed to happen? well, you're chris, that's right. they're trying to diversify the supply chain because even though it is not said in as many words, the biggest problem that the international solar lines faces is the dominance of the global solar market by china. and the fact that china dominates is,
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would be an understatement. you know, the international energy agency believes that 75 percent of companies that are needed for solar powered and manufactured in china alone. so that's like a big, big dominance. now what the i say is planning is that it wants to make go enable multiple regions across the world to be able to produce affordable solar products. now that is easier said than done, you know, in spite of all the progress that has been achieved in solar, in many parts of the world including india, sola is pretty much a nascent movement and a lot of things are in the future. so a lot of things out of the planning stage are, for example, investment is a big problem. capacity building is a big problem. land is a big problem. so i, you see, is working on all those competence and just trying to bring many countries together in that effort. chris, now does the international solar lions want to correct the balance in investment flow and solar will. yeah, that's again a grand project of the i say, chris,
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a, the investment flows are heavily disproportional. you know, a report suggest that in 2021, the global investment closing solar were to the tune of $200000000000.00. and only 5 percent of these were received by countries like africa, where the potential is maximum to 95 percent of $200000000.00 went to oil, cd countries, china and all you see the country. so the countries that really need the potential offer need and have of producing herb of cheap affordable solar power are not getting much of the investment flows. what the ice implants do is that it is, it is trying to roll out a payment mechanism where in the icy will in act as a sort of a payment guarantee for lenders who would want to invest in projects in these countries. and then it would also go into a capacitor building and so on and so forth. so that's what the plan looks like as of now, chris. now india is facing its own problems when it comes to expanding
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a renewable energy is a solar farms require a lot of land. you mentioned that there, which locals often want to use for their own purposes with as to chris of but a fact number one, is that right now most of the solar plans have been, operate, been set up on government land. so right now this is not too much of a dispute. land is really a land related complaints are sort of pre sporadic, but then many experts say that they will definitely rise as the country improves its solar install capacity. so all these, the government owned lands that are be converted into solar plans. they are used in some way or the other by local communities and a pretty soon when the target for the install capacity goes up. and then things will reach of the marks or a market will reach to private land as well. and land has always been a very critical problem where things are still on the planning stage as far as the,
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the future or issues that might crop up in land air concern. right now it's pretty sporadic. i would say chris t w's charo car to gain daily charo. thank you. and his reminder of the top of business story we're following for you at the sour. the united states is investing almost $3000000000.00 to boost battery production for electric vehicles with a special focus on extracting and processing, lithium and other raw materials. trying to break it's dependency on china. that social, thanks with, ah, with
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ah, declaring good on god. in bosnia, a citizen movement is fighting environmental pollution. it's founder ecology. professor at cooper, is taking action with state authority have failed. the cross holder initiative says it's time to clean up the focus on europe. 90 minutes on d. w. are you ready to get a little more extreme? these places in europe are smashing all the records into more bold adventure. just don't lose your grip and the treasure map for modern globetrotters.
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the 77 percent every weekend on d w ah ah, this is dw slide from berlin mall political chaos in the u. k. as the prime minister analysis, she's stepping down off the just 6 weeks and less process she's resigning as leader of the conservative party. but that she'll stay on as prime minister until the success of this class. also coming up.
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